May 21, 2014 - MDT Pro Tips A.M.

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

Current Positions
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No current positions

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Today's Working Orders

No working orders

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Stocks...

Nasd 100...Point & Figure break out is above 3625. Sustaining above

leads to an upside breakout.

Bonds...

30 yr. Bonds... 136.27 should be monitored for tone on the SPU/BOND spread.

FX...

EUR/JPY...138.06 is 200 DMA support and is over sold on the daily time frame.

Yen Futures have printed their 200 DMA @ 99.14. USD/JPY is under it's corresponding level and would need over 101.60 ( 98.40 Futures) to confirm a turn around.

Commodities...

OIL... July (N) over the next 2 days 103 will become an important pivot level.

Brent...support starts @ 109.05 into 108.70 (the closing downside pivot)

Gold...1305 now becomes the upside weekly pivot. This was an important rejection at this weekly level .

Coffee... (N) only weakens with price action and a close below 180

General Comments orValuable Insight

The Equity Indices are caught in a range per the longer term point & figure charts with the Russell being the weak link.

I was stopped out of the currency trades last night and still think the thesis was sound, however I am leaving them alone.

Welcome to the Mid-Week shuffle.

Opening Range Time Frame Trading again today.

Short Term View...

Keep trading to make money. The opportunity will be in individual names.

Individual stocks look to be an easier read based off their own technical's.

SPU...S&P 500 Futures

Nasd 100

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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